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4141 E 7Th Street

Long Beach, CA 90804

$989,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1958

calendar_month Built

Property Description

This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights—an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023—an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City's Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.

Listing Information

List Price $989,000
Status Active
MLS OC24212654
Type Residential Income
Subtype Mixed Use
Year Built 1958
Lot Size 2,701
Structure Size N/A
DOM 7
Courtesy Of Pacific Sotheby's Int'l Realty
Listing Agent Mary Ryan DRE#01476437
Co-Listing Agent Sean Stanfield DRE#01024996

Interior Features

Laundry Information
Location(s) Inside, Laundry Closet
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Vinyl
Additional Information
Additional Features Furnished
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

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Listing information courtesy of: Mary Ryan, Sean Stanfield, Pacific Sotheby's Int'l Realty 310-713-4860. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 21st, 2024 at 5:15 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.